Granja Gold Inc. Announces Management Team

Urban Select Capital Corporation (TSX VENTURE:CH) (the "Company") is pleased to
announce that Granja Gold Inc. ("Granja"), a wholly-owned subsidiary of the
Company, announced the composition of its management team led by its founder,
Juan Vegarra.


Juan Vegarra, MBA; Chairman, CEO, Founder 

Mr. Vegarra is a native of Peru, and has over 15 years of experience in the
Mining and Venture Capital Industry. Founding CEO and Chairman of Vena Resources
(TSX VENTURE:VEM) in 2003, he led the company to build a polymetallic mine,
raised $40 million and signed Joint Venture agreements with Gold Fields, Cameco
and Trafigura. Prior to Vena, Mr. Vegarra was a director of worldwide sales and
marketing for Microsoft (NASDAQ:MSFT). Mr. Vegarra received an MBA from the
University of Washington and a B.S.E.E. from the University of Maryland.


Dr. Klaus Zeitler, PhD; Director 

Dr. Zeitler has been involved in the mining industry for over 30 years. He
founded and was CEO of Metall Mining, later Inmet Mining Corporation (TSX:IMN),
with assets of over $4B and base metal and gold mines throughout the world. Dr.
Zeitler joined Teck Resources (NYSE:TCK) in 1997 as Senior Vice President,
overseeing exploration and development in Peru, Mexico and the USA. Since
retiring in 2002, in addition to being President and CEO of Amerigo Resources
Ltd. (TSX:ARG), he was also Chairman of Candente Copper Corp. (TSX:DNT) and Rio
Alto Mining Limited. Dr. Zeitler is a member of the Canadian Institute of Mining
and Metallurgy and the Prospectors and Developers Association.


Richard Barclay; Director 

Richard has a history of +40 years as a mining entrepreneur. To February 2012 he
was the Executive Vice President and Director of China Minerals Mining
Corporation (CMMC) including the founding President and CEO from 2006 to 2011
(TSX VENTURE:CMV). Richard was the founding CFO and Director of Adriana
Resources Inc. (TSX VENTURE:ADI) 2004 to 2010, a company with a +10 billion ton
iron deposit in Quebec in joint venture and development with WISCO of China and
a Brazilian iron ore port facility in development. He was the founding
President, CEO and Director of Eldorado Gold Corporation (TSX:ELD)(NYSE:EDO)
from 1992 to 1999. A co-founder of Bema Gold Corporation a TSX and NYSE listed
intermediate gold producer, he served as Chief Financial Officer and Director
from 1975 to 1992. Bema was acquired by Kinross Gold Corp. (TSX:K)(NYSE:KGC) in
April 2007.


David Bent, P.Geo; VP of Explorations 

Mr. Bent has over 30 years of mining experience and extensive knowledge of
exploration for base and precious metals. At Noranda he played an integral role
in the Real de Angeles discovery, which was, at one time, the second largest Ag
producer in the world, and the Antamina (Cu-Zn) mine which is expanding from 70k
tpd to 120k tpd.


Miguel Grau M., LLB; Director

Mr. Grau has extensive experience in the Peruvian Mining Industry. He was a
director of Antamina until 2005 and Chairman of Minera Milpo 1999-2002, one of
the largest Peruvian zinc producers. In addition he is a member of the board for
Bear Creek Mining and is associated with companies such as Rio Tinto and Xstrata
in Peru.


Jose Roberto Romana Letts; Director 

Mr. De Romana, a native of Peru, most recently was a senior executive for
Volcan, one of Peru's largest mining companies. He studied in the US and holds a
degree in Management.


Jas Hayre, CA; Advisor 

Mr. Hayre is a Director of Urban Select Capital Corp. and chartered accountant
with over 20 years of experience in public and private practice advising clients
on cross-border tax issues. Jas Hayre is also a Managing Director of Abacus
Private Equity. Prior to joining Abacus he was with C2 Global Solutions, and was
a tax partner and leader of the international tax services group for Ernst &
Young, LLP in Vancouver.


Min Kuang, Advisor 

Min Kuang is the Chief Executive Officer of Urban Select Capital Corp. (TSX
VENTURE:CH). Ms. Kuang has over 15 years experience in managing public
companies, mergers and acquisitions, business development, and investment
management. Ms. Kuang is the founder and Chief Executive Officer of Asia Select
Asset Management Inc. in Canada, and the Chief Executive Officer of Asia Select
Investment Fund Inc., a private equity firm established in April 2007, where she
is responsible for equity investments, mergers and acquisitions, and taking
companies public. Ms. Kuang received an M.B.A. from Lawrence Technology
University in Michigan and a B.A. degree from China.


Granja Gold Inc. has closed its working capital private placement round for
aggregate gross proceeds of $150,000 through subscription receipts for the
acquisition of Vena Resources Inc.'s (TSX:VEM) 100%-owned interests in Granja de
Oro SAC, a Peruvian company controlled by Vena. Each Subscription Receipt will
automatically convert into one common share of Granja Gold Inc., for no
additional consideration, at 12:00 p.m. (Vancouver time) on the date that is two
business days following the effective date of the Company's previously announced
plan of arrangement. Subscription proceeds will be held in trust until the
conversion time. In the event that the conversion time does not occur by 5:00
p.m. (Vancouver time) on April 30, 2012, all subscription proceeds will be
returned to subscribers and the subscription receipts will be cancelled. 


The gross proceeds of the offering will be used by Granja for the completion of
previously announced transaction with Vena, and for working capital and general
corporate purposes. 


We seek Safe Harbor.

ABOUT URBAN SELECT 

Urban Select Capital Corporation is global investment management, financial
advisory and private equity firm focused on investing growth capital into
private and public companies in a broad range of sectors including renewable
energy, natural resources, chemicals, agriculture and consumer retail services.
Urban Select's management team is composed of investment professionals combining
an Asian background with Western education and extensive experience in
investment banking, venture capital and fund management in Canada, China and the
U.S. 


Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company, including with respect to
completion of the Plan of Arrangement, the entering into of a Definitive
Agreement, completion of the Financing, completion of the Acquisition and the
anticipated results thereof. These statements are subject to a number of risks
and uncertainties. Actual results may differ materially from results
contemplated by the forward-looking statements. There is no guarantee that any
of the Plan of Arrangement, the entering into of the Definitive Agreement, the
Acquisition or the Financing will be completed as proposed or at all. The Plan
of Arrangement remains subject to approval of the Company's shareholders, the
Supreme Court of British Columbia and the TSX Venture Exchange. The Acquisition
is subject to completion of the Plan of Arrangement, execution of a Definitive
Agreement and completion of the Financing, among other things. When relying on
forward-looking statements to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties and should not
place undue reliance on such forward-looking statements. The Company does not
undertake to update any forward looking statements, oral or written, made by
itself or on its behalf except as required by law.